Welcome to our dedicated page for Danaos Corporation news (Ticker: DAC), a resource for investors and traders seeking the latest updates and insights on Danaos Corporation stock.
Danaos Corporation (NYSE: DAC) is one of the largest independent owners of modern, large-size container vessels and also owns Capesize drybulk vessels. This news page aggregates company announcements and third-party coverage so readers can follow how Danaos’ containership and drybulk operations evolve over time.
Recent press releases highlight quarterly and year-to-date financial results, including operating revenues, net income, adjusted net income and adjusted EBITDA for the container vessels and drybulk vessels segments. Danaos also reports time charter equivalent revenues and per-day metrics, fleet utilization, and details about its cash, debt, marketable securities and net debt to last twelve months Adjusted EBITDA ratio.
News items frequently cover fleet developments, such as additions to the newbuilding containership orderbook, deliveries of new vessels and acquisitions of Capesize drybulk vessels. The company provides updates on its contracted revenue backlog, multi-year charter arrangements, and contracted operating days charter coverage for upcoming years, reflecting the extent to which its fleet is employed under fixed-rate charters with major liner companies.
Capital markets and corporate governance updates also feature prominently. Danaos has announced offerings and pricing of senior notes, intentions for the use of proceeds, and changes in its board of directors and committee memberships. Investors can use this news feed to monitor how Danaos manages its fleet growth, charter strategy, financing activities and governance matters, and to see how these factors are described in the company’s own communications.
Danaos Corporation (NYSE: DAC) reported strong financial results for the third quarter and nine months ended September 30, 2022. Adjusted net income surged 61.6% to $176.9 million, or $8.71 per share, compared to the previous year. For nine months, adjusted net income rose 140.8% to $569.3 million. Operating revenue increased by 32.7% for Q3 and 56.1% year-to-date, reaching $260 million and $740.9 million respectively. Cash on hand was $556.3 million, and the company declared a dividend of $0.75 per share. Effective refinancing agreements extend debt maturity until 2027, enhancing financial flexibility.
Danaos Corporation (NYSE: DAC) will announce its Q3 2022 results after market close on November 7, 2022. A conference call is scheduled for November 8 at 9:00 A.M. ET to discuss these results. Participants can join the call via provided international numbers. A telephonic replay will be available until November 15, 2022. Danaos operates a fleet of 71 containerships totaling 436,589 TEUs, with a strong chartering portfolio. This announcement highlights the company's ongoing operational standards and market position among leading containership charter owners.
Danaos Corporation (NYSE: DAC) reported robust financial results for Q2 and the first half of 2022. Adjusted net income surged by 128% to $157.1 million, equating to $7.59 per share, while the six-month figure reached $392.4 million, reflecting a 209% increase. Operating revenues rose 71.4% to $250.9 million for Q2 and 72.6% to $480.8 million for six months. The company maintained a strong liquidity position with $588.2 million in cash and securities. A $0.75 dividend per share was declared, payable on August 29, 2022. Challenges remain due to macroeconomic factors, high energy prices, and inflation.
Danaos Corporation (NYSE: DAC) announced its second-quarter results will be released on August 1, 2022, after market close. A conference call is scheduled for August 2, 2022, at 9:00 A.M. ET, providing an opportunity for stakeholders to discuss the results. Danaos, a significant owner of containerships, has a fleet of 71 vessels with a total capacity of 436,589 TEUs and 6 additional ships under construction. The company is known for fixed-rate charters with major liner companies, highlighting its operational efficiency.
Danaos Corporation (NYSE: DAC) reported strong Q1 2022 earnings, with adjusted net income surging 305.7% to $235.3 million ($11.36 per share), compared to $58 million ($2.83 per share) in Q1 2021. Net income rose to $331.5 million ($16.00 per share) from $296.8 million ($14.47 per share). Operating revenues increased 74% to $229.9 million. The company declared a $0.75 per share dividend, payable June 8, 2022. Danaos continues to manage a solid balance sheet with $708 million in liquidity and a 95.5% charter coverage for the next 12 months, while focusing on fleet expansion and debt repayment.
Danaos Corporation (NYSE: DAC), a major independent owner of containerships, will release Q1 results on May 16, 2022, after market close. A conference call for discussion will follow on May 17, 2022, at 9:00 A.M. ET. The call can be accessed via U.S. and international dial-in numbers provided. An audio webcast will also be available on the company's website, with an archived version released within 48 hours. Danaos operates a fleet of 77 containerships, with a total capacity of 482,789 TEUs, ranking among the largest charter owners globally.
Danaos Corporation (NYSE: DAC) has ordered four 7,200 TEU containerships, set for delivery in the first half of 2024 from Daehan Shipbuilding in Korea. These vessels will comply with the latest International Maritime Organization standards, featuring methanol fuel readiness and open loop scrubbers. CEO John Coustas highlighted that this investment aims to mitigate rising fuel costs and technical obsolescence while enhancing profitability. With a fleet of 77 vessels totaling 479,589 TEUs, Danaos continues to strengthen its position in the containership market.
Danaos Corporation (NYSE: DAC) announced the order of two 7,100 TEU containerships, expected for delivery in Q2 and Q3 of 2024. The vessels will be constructed at Dalian Shipbuilding in China and will meet the International Maritime Organization's Tier III emissions and Energy Efficiency Design Index standards. CEO John Coustas stated that these ships will strengthen Danaos' position in the containership market and enhance profitability for shareholders.
Danaos Corporation (NYSE: DAC), a major owner of containerships, has filed its Annual Report on Form 20-F for the year ending December 31, 2021, with the Securities and Exchange Commission. The report is available on Danaos' website, providing shareholders access to its audited financial statements at no cost upon request. Danaos operates a fleet of 71 containerships with a combined capacity of 436,589 TEUs, ranking as a leading charter owner globally.
Danaos Corporation (NYSE: DAC) reported robust financial results for the fourth quarter and full year ending December 31, 2021. Adjusted net income surged 163.2% year-over-year to $125.8 million, or $6.10 per share, while full-year adjusted net income rose 112% to $362.3 million, or $17.60 per share. Operating revenues increased by 79.8% to $215 million for Q4 and 49.4% to $689.5 million for the year. The company declared a quarterly dividend of $0.75 per share, reflecting its strong cash flow generated from $2.85 billion in contracted revenues. Danaos forecasts continued growth and cash flow stability in 2022.